Production at Mascot Gold Mines’ Nickel Plate operation near Hedley, B.C., has traditionally been from underground workings, despite the fact there is a major open pit mine there today. But Mascot has…
Net income of $13.5 million (59 cents per share) on revenue of $64.4 million was recorded by Cambior Inc. during the first nine months of 1987. (Cambior was inactive prior to July 31, 1986.) In the th…
Minnova Inc. recently completed approximately 4,000 ft of drilling on International Maggie Mines’ Indian River property near Squamish, B.C. The drilling defined two mineralized exhalite horizons withi…
A high grade gold-bearing vein system discovered during the 1987 season by Abermin Corp. will be further investigated by field work and an extensive drilling program next spring. The Wombat zone is at…
Net earnings for the first nine months of 1987 totalled $14.3 million compared with $5.4 million for the same period last year, Westmin Resources reports. Gross revenues during the same period amounte…
Recently listed for trading on the Montreal Exchange was Fairfield Explorations of Rouyn-Noranda, Que. (symbol ffr). The company reports it is starting a $407,000 exploration program on three gold pro…
Glencairn Explorations has signed an agreement in principle with bhp-Utah Mines, a U.S-based company. Utah has the right to earn a 55% interest in Glencairn’s 24- claim Blue Mountain gold property in …
Two Quebec-based firms, Oz Exploration and Farboro Resources, have jointly obtained an option to acquire a 100% interest in property in Elmhirst Twp., in northwestern Ontario’s Thunder Bay mining divi…
American Barrick Resources reported net income of $17.7 million for the first nine months of 1987. The Northern Miner printed an incorrect figure in the Nov 23 issue.
In preparation for planned drifting on the 1,362-ft level at Perron Gold Mines’ Sleeping Giant project north of Amos, Que., a drilling program has been started to test the H vein, section by section b…
A drilling program to follow up on earlier exploration work is planned by Calgary-based Kapalua Gold Mines on its Briscoe-Bryce gold property in northeastern Ontario. President A. David Birkett report…
An agreement has been signed which will give Consolidated TVX Mining Corp. a 49% interest in mining concessions in Chile. The concessions include the La Coipa gold- silver property which was explored …
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